On May 29, 2019, the former
Verso paper mill in Wickliffe,
KY, said it was officially back
in business. The company that
now owns and operates the
mill, Phoenix Paper, says the
first roll of bleached hardwood
pulp was made on that date.

Verso officially closed the
mill on July 1, 2016 and over
300 people lost their jobs.
Phoenix Paper — owned by
Chinese manufacturer Shanying
International Holdings
Group through Global Win
Wickliffe LLC — bought the
mill in 2018. Now, Phoenix
says about 224 people are
working there. The company
expects to produce about
300,000 tonnes of pulp a year.

According to reports, Global
Win intends to continue to
grow in the North American
market. It says a total of
$US500M is earmarked for
strategic investments in the
pulp, paper, packaging and
waste paper recycling sectors.
Global Win plans to achieve
sales of more than $1B in the
US by 2020.

Global Win Capital Corp.,
based in Diamond Bar, LA
County, CA, says it is responsible
for: searching and evaluating
Shanying International’s
investment target for pulp and
paper, packaging and the recycled
fiber trade in the United
States; implementing Shanying
International investment projects
in the US (equity investment,
mergers and
acquisitions, and strategic cooperation
with relevant business
partners in North
America); post-investment
management of company’s investing
in US; responsible for
the establishment of the management
team in the United
States, to build a local management
team in the United States
in accordance with localized
management.